Pensions

For freelancers, a pension isn’t just about stopping work at 68.

If you’re earning around £100k, there’s a weird zone where an extra £1 can be taxed very heavily because HMRC removes your tax-free allowance. This can create an effective 60% rate between £100,000 and £125,140.

Running a limited company, whether as a freelancer, solopreneur, or with a small family team, offers flexibility and tax advantages. Here's how you can optimise your finances:

To encourage pension savings, tax relief is available on contributions made to registered pension schemes.

If you do not use your 2024/25 personal allowance by the end of the tax year, you will lose it.

Don't assume your state pension is fully topped up even if you have been employed or self-employed.

Running a family business is a team effort, you're the heart and soul of the operation. But when it comes to paying yourself, things can get confusing faster than a toddler with a box of crayons.

A recent scandal has revealed a hidden pitfall for parents who choose not to claim child benefit: potential loss of state pension credit in retirement.

A comprehensive guide to navigating the ISA vs pension debate for freelancers and the self-employed. Remember, knowledge is power, and informed financial decisions can lead to a secure and fulfilling future.

A Self-Invested Personal Pension (SIPP) is a type of personal pension that gives you a wide range of investment choices.